Defendant Name: Stein Mart, Inc.

Defendant Type: Public Company
SIC Code: 5311
CUSIP: 85837510

Initial Case Details

Legal Case Name In the Matter of Stein Mart, Inc.
First Document Date 22-Sep-2015
Initial Filing Format Administrative Action
File Number 3-16826
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 22-Sep-2015
Headline Total Penalty and Disgorgement $800,000

Related Documents:

34-75958 22-Sep-2015 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 22, 2015, the SEC instituted settled cease-and-desist proceedings against Stein Mart, Inc. The SEC alleged that: "From at least 2010 to November 2012, Stein Mart, Inc. ('Stein Mart') materially misstated its pre-tax income in certain quarterly periods as a result of improperly valuing inventory that was subject to price discounts, or markdowns."